[Weekly funding roundup] Venture investments rise by 100pc; Hyderabad-based SaaS startup joins unicorn club
Venture funding into Indian startups in the third week of December touched $134 million, compared to the $61 million raised in the previous week.
0 claps
Share on
The weekly venture funding into India startups little more than doubled in the third week of December, as compared to the previous week, owing to the large deal sizes in the bracket of $25 million and above.
In fact, before the year ends,
Zenoti a Hyderabad and US-based SaaS startup entered
the coveted unicorn club, indicating a possible beginning of a trend, where
Cover It Up raises Rs 3 5 crore in seed funding - The Financial Express financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
December 15, 2020
× Chennai-based start-up Cover It Up has received ₹3.5 crore in seed funding from angel investors including Sanjay Wadhwa, Manish Mardia, Madan Lal Gundecha, Vimal Jain and Nishank Sakaria.
Started in 2014, Ronak Sarda-founded Cover It Up offers a range of pop-culture merchandise such as smartphone cases to journals, Airpod cases, notebooks besides unisex T-shirts and hoodies in partnership with some of the leading global brands such as Marvel, DC, Warner Bros, FRIENDS, Harry Potter, Star Wars and Disney.
“The company plans to use this round of funding to strengthen operations by bringing in new and creative talents simultaneously concentrating on R&D, development of IT infrastructure and also to enhance the existing product range and create new ones,,” Sarda was quoted in a press release.